Shelton Wealth Management LLC Acquires 5,667 Shares of Jefferies Financial Group Inc. $JEF

Key Points

• Shelton Wealth Management LLC increased its stake in Jefferies Financial Group by 38.7% during Q2, acquiring an additional 5,667 shares for a total of 20,306 shares worth approximately $1.11 million.
• Jefferies Financial Group reported $0.40 earnings per share for its latest quarter, missing analysts' estimates by $0.04 and experiencing a 1.3% year-over-year revenue decline.
• The company has declared a quarterly dividend of $0.40 per share, indicating an annualized dividend yield of 2.3% and a payout ratio of 60.38%.

Shelton Wealth Management LLC grew its position in Jefferies Financial Group Inc. (NYSE:JEF - Free Report) by 38.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,306 shares of the financial services provider's stock after buying an additional 5,667 shares during the period. Shelton Wealth Management LLC's holdings in Jefferies Financial Group were worth $1,111,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Alliancebernstein L.P. grew its stake in shares of Jefferies Financial Group by 13.7% in the first quarter. Alliancebernstein L.P. now owns 6,808,340 shares of the financial services provider's stock worth $364,723,000 after acquiring an additional 819,594 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Jefferies Financial Group by 4.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,412,167 shares of the financial services provider's stock worth $343,307,000 after acquiring an additional 246,578 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Jefferies Financial Group by 30.1% in the first quarter. JPMorgan Chase & Co. now owns 5,126,514 shares of the financial services provider's stock worth $274,627,000 after acquiring an additional 1,184,822 shares during the period. Nuveen LLC bought a new stake in shares of Jefferies Financial Group in the first quarter worth approximately $58,972,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in Jefferies Financial Group by 87.8% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 798,000 shares of the financial services provider's stock valued at $42,749,000 after buying an additional 373,000 shares during the period. 60.88% of the stock is owned by hedge funds and other institutional investors.

Jefferies Financial Group Trading Up 0.3%

JEF stock traded up $0.21 during mid-day trading on Monday, reaching $69.70. 1,365,056 shares of the stock traded hands, compared to its average volume of 1,781,669. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.05 and a current ratio of 1.05. Jefferies Financial Group Inc. has a one year low of $39.28 and a one year high of $82.68. The stock has a market capitalization of $14.38 billion, a PE ratio of 26.30 and a beta of 1.49. The business has a 50-day moving average price of $61.10 and a two-hundred day moving average price of $54.73.

Jefferies Financial Group (NYSE:JEF - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The financial services provider reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.04). The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Jefferies Financial Group had a return on equity of 6.59% and a net margin of 7.70%.The company's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 earnings per share. Equities research analysts expect that Jefferies Financial Group Inc. will post 4.41 EPS for the current year.

Jefferies Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.40 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. Jefferies Financial Group's dividend payout ratio is presently 60.38%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Jefferies Financial Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 4th. Wall Street Zen raised shares of Jefferies Financial Group from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Morgan Stanley boosted their target price on shares of Jefferies Financial Group from $54.00 to $72.00 and gave the stock an "equal weight" rating in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Jefferies Financial Group presently has an average rating of "Hold" and a consensus price target of $71.67.

Jefferies Financial Group Profile

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.